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Definitions
A duopoly is a condition in which two sellers have most of the control over the market.
Word origin
From duo- (prefix meaning ‘two’) + -poly (suffix meaning ‘pertaining to the number of sellers in a market’), by analogy with monopoly.
Used in a sentence
“Modern examples of duopoly include the American markets for credit cards (Visa and MasterCard), smartphones (Apple and Google), soft drinks (Coca-Cola and Pepsi), and airplanes (Airbus and Boeing).”
“In Spain, Socialist and PP governments have alternated since the 1980s. This cosy duopoly was weakened by the long recession that followed the bursting of Spain’s housing bubble in 2007.”
“First past the post voting has long maintained American politics as an effective duopoly where power simply alternates between two main parties.”
Source: Wiktionary, CC BY-SA 4.0
Used as a crossword answer0 curated clues
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